LNG Archives

Australian Oil Industry Tipped To Double Investment To $6 Billion A Year

June 21, 2021 Stu Turley

Oil selling for more than $70 a barrel has breathed life into the downtrodden Australian oil and gas industry even as it battles criticism from environmental protestors and investor activists. Last week saw the best […]

Venture Global Announces Joint-Venture for Plaquemines LNG plant

June 18, 2021 Stu Turley

U.S. liquefied natural gas company Venture Global LNG said on Thursday that construction firm Zachry Group will work with engineering firm KBR Inc (KBR.N) in a joint venture to build the first phase of the […]

A Rystad Energy investigation: How a push to reduce LNG vessel emissions leaves the planet worse-off

June 17, 2021 Stu Turley

Global efforts to reduce carbon emissions are accelerating and most industries are searching for new ways to reduce their carbon footprint in the years and decades to come. Shipping is also under scrutiny and the […]

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The Scarborough development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG (liquefied natural gas) plant, with the combined project previously estimated at $11.4 billion. Acting CEO Meg O’Neill, who took the reins in April, said the company is facing skyrocketing steel prices for a project where raw steel costs amount to 10% or 15% of total costs, and acknowledged that there is tight competition for workers amid a mining boom in Western Australia. At the same time, she said Woodside had been able to work out some cost savings in the project design with its contractors after putting it on hold last year, when oil and gas prices crashed amid the COVID-19 pandemic. “It’s probably too early to say, but there’s some cost pressures on the ledger, there’s some cost savings on the ledger and as soon as we have those updated bids from our contractors, we’ll be communicating with our shareholders,” O’Neill said at Credit Suisse’s 8th Australian energy conference. The Scarborough and Pluto LNG expansion project is the company’s only big growth option in the near term. Woodside is targeting a final investment decision with its partner BHP Group within the next six months. The Western Australian government said on Tuesday it had approved Woodside’s plan to cut emissions from the Pluto LNG project by 30% by 2030 and reach net zero by 2050, which the state’s environment minister said represented a sharp reduction in emissions from levels approved in 2007. The gas industry two years ago fought to block a proposal by the state’s environment regulator that would have required all new projects with carbon emissions of more than 100,000 tonnes to fully offset their emissions. Source - www.oedigital.com

Woodside Faces Cost Increase at $11B Scarborough Gas Project

June 10, 2021 Stu Turley

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The […]

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Pembina Pipeline to buy 50% stake in Canada’s proposed Cedar LNG

June 8, 2021 Stu Turley

(Reuters) – Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous […]

LNG King of LNG undercuts rivals to keep world domination

King of LNG Undercuts Rivals to Keep Dominating World Market

May 20, 2021 Stu Turley

The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out of the market. Qatar is dropping prices and pushing ahead with a $29 […]

TOTAL, NEW OPERATOR OF BLOCK 58 OFFSHORE SURINAME, ANNOUNCES A FOURTH DISCOVERY

Total and the Government of Papua New Guinea confirm the remobilization and the planning of the Papua LNG Project

May 5, 2021 Stu Turley

Paris, May 5, 2021 – A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel […]

Total Realizees Frances first ship to containership LNG bunkering - EnergyNewsBeat.com

Total Realizes France’s First Ship-To-Containership LNG Bunkering Operation, After Inaugural Loading AT Dunkirk LNG Terminal

May 3, 2021 Stu Turley

Dunkirk, May 3, 2021 – Total has realized the first ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in France. The world’s largest LNG bunker vessel in operation, Total’s Gas Agility¸ has completed on Friday evening, April 30th, […]

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Silverstream Technologies undertakes trials onboard LNG carrier

April 30, 2021 Stu Turley

Clean technology company Silverstream Technologies has announced that its pioneering air lubrication system, the Silverstream® System, has delivered significant fuel and emissions savings during testing on the Shell-chartered 170 000 m3 LNG carrier Methane Patricia Camila. Following operational […]

Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

April 26, 2021 Andy Del Prado

Prelude or finale, that’s a question some observers are starting to ask about a $12 billion ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry. Built by Royal Dutch Shell, […]